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discuss brifly various types of accounting packages along with their functions

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Q: Various types of accounting packages along with their functions?
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What is an integrated accounting software?

An integrated accounting system is one that works along with your computers operating system. Easily installed into your computer, it can be up and running in a matter of minutes.


Is a spreadsheet a good accounting tool?

Yes it is. It is widely used in accounting, along with some other applications, to help accountants to do up accounts for businesses and people. A spreadsheet is very versatile and it is used for numerical analysis and manipulation and so it is very useful for accounting.


Is weighted average inventory valuation GAAP?

Yes, along with FIFO and LIFO, Weighted average is a generally accepted accounting principle.


How is an accounting department structured?

Accounting Departments are usually structured along functional lines: Accounts Payable, Accounts Receivable, Payroll, General Ledger, Sales Transactions, Inventory, etc. A small company may have one person performing more than one (sometimes all) of the functions. In this case, there needs to be financial controls to reduce the probability of theft or embezzelment. In a large company, there could be many people wotking in one functional area; and in that case, that function might be broken down to smaller components.


What does QuickBooks do for you?

QuickBooks is a bookkeeping and accounting software (by Intuit) originally tailored for small businesses (worth $10 million or less). QuickBooks' accounting features also include bank transactions, payroll, and audit.Quickbooks now has several versions:Industry-specific (like manufacturing and contracting businesses, and non-profits)Solutions for bigger businesses (Enterprise)A web-based version (QuickBooks Online; with fewer functions and features than the desktop version); andA version for cash registers (Point of Sale) packaged along with needed hardware.There are also companies offering hosted QuickBooks (cloud-based) that have the full features of the desktop version while being accessible from the Internet.QuickBooks dominates more than 80 percent of the small business accounting software market, but this can change as competitors emerge.

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What is an integrated accounting software?

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Is a spreadsheet a good accounting tool?

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